PVR jumped 9.98% to Rs 184.55 at 14:50 IST on BSE after the company said the private equity firms ICICI Venture and JP Morgan will invest Rs 60 crore each in its wholly owned subsidiary PVR Pictures.
Meanwhile, the BSE Sensex was up 201.98 points, or 1.30%, to 15,716.77.
On BSE, 1.18 lakh shares were traded in the counter. The scrip had an average daily volume of 11,457 shares in the past one quarter.
The stock hit a high of Rs 184.55 and a low of Rs 166.10 so far during the day. The stock shad a 52-week high of Rs 376.95 on 2 January 2008 and the stock hit a 52-week low of Rs 160 on 24 March 2008.
The small-cap firm had underperformed the market over the past one month till 4 June 2008, declining 16.77% compared to the Sensex’s decline of 10.70%. It had also underperformed the market in the past one quarter, declining 30.46% compared to Sensex’s decline of 6.21%.
The company’s current equity is Rs 23.01 crore. Face value per share is Rs 10.
The current price of Rs 184.55 discounts its Q4 March 2008 annualised EPS of Rs 4.69, by a PE multiple of 39.35.
PVR Pictures is in film production and distribution. It plans to increase its film output to 8-10 next year from 4-5 this year.
In February 2008, PVR signed a joint venture agreement with Major Cineplex Group of Thailand to bring lifestyle entertainment concepts in India.
PVR’s net profit rose 22.7% to Rs 2.70 crore on 32.9% increase in net sales to Rs 54.30 crore in Q4 March 2008 over Q4 March 2007.
PVR is engaged in film production and distribution. It also operates multiplexes under the brand name 'PVR' cinemas.
Meanwhile, the BSE Sensex was up 201.98 points, or 1.30%, to 15,716.77.
On BSE, 1.18 lakh shares were traded in the counter. The scrip had an average daily volume of 11,457 shares in the past one quarter.
The stock hit a high of Rs 184.55 and a low of Rs 166.10 so far during the day. The stock shad a 52-week high of Rs 376.95 on 2 January 2008 and the stock hit a 52-week low of Rs 160 on 24 March 2008.
The small-cap firm had underperformed the market over the past one month till 4 June 2008, declining 16.77% compared to the Sensex’s decline of 10.70%. It had also underperformed the market in the past one quarter, declining 30.46% compared to Sensex’s decline of 6.21%.
The company’s current equity is Rs 23.01 crore. Face value per share is Rs 10.
The current price of Rs 184.55 discounts its Q4 March 2008 annualised EPS of Rs 4.69, by a PE multiple of 39.35.
PVR Pictures is in film production and distribution. It plans to increase its film output to 8-10 next year from 4-5 this year.
In February 2008, PVR signed a joint venture agreement with Major Cineplex Group of Thailand to bring lifestyle entertainment concepts in India.
PVR’s net profit rose 22.7% to Rs 2.70 crore on 32.9% increase in net sales to Rs 54.30 crore in Q4 March 2008 over Q4 March 2007.
PVR is engaged in film production and distribution. It also operates multiplexes under the brand name 'PVR' cinemas.
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